Pension Fund Investment In FG Securities Rise By 16.5% To N9.9trn Pension Fund investment in Federal Government debt instruments (securities) rose 16.5 per cent, year-on-year to N9.9 trillion in February caused by the high interest rate regime prompted by the inflation fighting measures of the...

360% Increase In Public Debt Worrisome - LCCI   The Lagos Chamber of Commerce and Industry has said that it was worried about the 360.4 per cent increase in Nigeria’s public debt from N10.04tn in 2013 to N46.25tn in 2023. In a statement signed by its Director-General,...

Alleged N20bn Diversion: Reps Probe NNPCL Officials The House of Representatives, on Thursday, set up an ad hoc committee to investigate the Nigerian National Petroleum Company Limited over the alleged diversion and conversion of N20bn by its officials in the guise of payment to consultants. This...

High Inflation: Naira lost 10% value in 2022 - World Bank The World Bank says Nigeria's currency, naira lost 10.2 per cent of its value in 2022. This came as rising food and fuel prices were responsible for high inflation in the country in 2022. The...

FG Approves N320bn Intervention Fund For Tertiary Institutions   The Federal Government has approved the sum of N320,345,040, 835. (Three hundred and twenty billion, three hundred and forty-five million, forty thousand, eight hundred and thirty five Naira only) as the 2023 intervention funds for public tertiary...

FG Secures $800m From World Bank As Palliatives For Poor Nigerians The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove...